GOLD (XAU/USD) BUY RECOMMENDATION🟢 GOLD (XAU/USD) BUY RECOMMENDATION
🕒 Timeframe: 15-minute (M15)
📅 Date: July 15, 2025
✅ Trade Parameters:
Buy Entry Zone: 3,354 – 3,355 USD/oz
Stop Loss (SL): 3,346 USD
Take Profit (TP):
TP1: 3,366 USD (Fibonacci 0.5 retracement level)
TP2: 3,378 USD (recent swing high)
🔍 Technical Analysis (M15):
Price is bouncing from a strong support zone, near MA50 & MA200, and also close to the 0.236 Fibonacci retracement level.
A bullish reversal candle with high volume has appeared near the local bottom — confirming buying pressure.
Bollinger Bands are slightly expanding with price rebounding off the lower band — suggesting potential for upward momentum.
RSI and MACD (if monitored) indicate a reversal from oversold levels, supporting a short-term bullish bias.
📌 Suggested Strategy:
This is a short-term technical rebound. Prioritize profit-taking at the first resistance zones. Avoid holding positions for too long in case the market moves sideways.
